Have you ever wondered how much your 1921 Silver Dollar is worth? With our detailed guide, you can easily assess the condition, grading, and mint mark of your coin to determine its true value.
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The 1921 silver dollars are unique coins in coinage history. These historic coins portray the rich heritage of the United States, making them considerably loved and sought after by collectors.
They are available in two versions, Morgan silver dollars and Peace silver dollar coins. Of the two types, most collectors go for the Peace version as they have a high rarity level and a rich history.
Regardless, the 1921 silver dollars are worth having in your collection as they can earn you a lot of profit. In this article, we’ll help you know more about the 1921 silver dollar and its current value.
1921 Morgan Silver Dollar Value
The 1921 Morgan silver coins were produced in the Philadelphia, San Francisco, and Denver mints. In addition to their condition, the value of the 1921 Morgan silver dollar also depends on the mint where it was produced. You can find the mint mark above the DOLLAR inscription.
1921-P Morgan Silver Dollar Value (Philadelphia)
Producing over 44 million coins, the Philadelphia Mint has the highest single mintage of any mint. Here is an assessment of the value of the Morgan Silver dollars produced at the Philadelphia mint.
Value depending on the condition of the coin
Condition of the coin
Value
Good
$18.41
Fine
$19.08
Extremely Fine
$21.19
Uncirculated
$33.90
Value based on the Mint State
Mint State
Value
MS 61
$35
MS 63/64
$50
MS 65
$125
1921-S Morgan Silver Dollar Value (San Francisco)
Due to their mild striking, most 1921-S Morgan Silver dollar coins are undesirable. However, they are still sought after by collectors making them worth something. Most of these coins were destroyed in the 1942 war crisis, making them rare and valuable. Here is the value of the 1921-S Morgan Silver coins:
Value depending on the condition of the coin
Condition of the coin
Value
Good
$18.41
Fine
$19.08
Extremely Fine
$21.19
Uncirculated
$37.13
Value based on the Mint State
Mint State
Value
MS 61
$50
MS 63/64
$75
MS 65
$575
A 1921-S Silver Dollar was sold for a whopping $19,200 in an auction recently. The coin was graded as MS67 which enhances its value..
1921-D Morgan Silver Dollar (Denver)
Since the 1921-D Morgan dollar is the only variant produced at the Denver Mint, it’s unique hence valuable. Let’s look at the value of these coins:
Value based on the condition of the coin
Condition of the coin
Value
Good
$18.41
Fine
$19.08
Extremely Fine
$21.19
Uncirculated
$37.13
Value based on the Mint State
Mint State
Value
MS 61
$50
MS 63/64
$60
MS 65
$250
A 1921-D Silver Dollar MS67 was sold for an impressive $44,063 in an auction.
1921 Peace Silver Dollar Value
Since the 1921 Peace silver is the first in the series, its demand is always high, making it one of the most valuable coins. It was the first high-relief coin with a strong and glaring design. Therefore, you should expect to make a fortune from these coins, whether circulated or uncirculated.
Value based on the condition of the coin
Condition of the coin
Value
Good
$82
Fine
$111
Extremely Fine
$161
Uncirculated
$368
Value based on the Mint State
Mint State
Value
MS 61
$1000
MS 63/64
$1300
MS 65
$4150
A 1921 Peace Silver Dollar recently sold for an astounding $132,000 at an auction. This coin is considered to be one of the most rare and sought-after coins from the MS67 category.
Identifying 1921 Morgan and Peace Silver Dollar
While some of the key features are similar on both the 1921 Morgan and Peace silver dollars, it’s quite easy to separate. Some of the features of these coins include:
The Obverse of the 1921 Silver Dollar
All the 1921 silver dollars have a portrait of Lady Liberty facing left and the 1921-year mark inscribed at the bottom.
As for the 1921 Morgan silver dollar, Lady Liberty has her hair pulled back in a bun. She is also wearing a cap that symbolizes freedom and liberty. The striking cap has a sheath and some leaves, symbolizing America’s heritage. You’ll also find the US motto E. PLURIBUS. UNUM and thirteen stars encircling the image of Liberty.
On the other hand, Lady Liberty on the peace silver dollar has a crown with sharp rays. It also features the words LIBERTY curved at the top, and IN GOD WE TRUST inscribed in the lower middle.
By analyzing the features described above, you can easily identify the type of 1921 silver dollar that you have.
The Reverse of the 1921 Silver Dollar
Collectors mostly use the reverse side of the 1921 silver dollar to determine its value. The reverse side on both coins features an eagle, the words UNITED STATES OF AMERICA inscribed at the top, and the term ONE DOLLAR curved at the bottom. You’ll also find the mint marks S and D on the reverse side of the coins if they were made in San Francisco and Denver, respectively. Those minted in Philadelphia don’t have any mint marks.
However, the majestic eagle on the 1921 Morgan silver dollars stands on a branch of an olive tree with its wings spread out. This coin also has two stars with one on the left and the other on the right,
The eagle on the peace silver dollars stands on olive branches with calm feathers. You should also see the word peace inscribe at the bottom close to the edges and the words E. PLURIBUS. UNUM is inscribed on it.
Factors Influencing the Value of the 1921 Silver Dollar
Some of the factors considered when determining the value of a 1921 silver dollar coin include:
Grade/ Condition of the Coin
The state in which a 1921 silver dollar is may affect its value. Coins with more detail remaining are more valuable than those not in excellent condition. Depending on the wear levels of your coin, it can be graded as follows:
- Uncirculated
- Extremely Fine
- Fine
- Good
Uncirculated coins have retained most of their original components and hence are more valuable, while those in Good condition have considerable wear. Unfortunately, most Morgan silver dollars went through circulation and may not be as valuable as the peace versions. However, there are a few in uncirculated conditions that are valuable to traders and collectors.
Mint State
A coin’s mint state can also determine its value. Coins can be graded as Mint State when they have no circulation damage and retain their mint brilliance. Mint State coins are usually rated from MS60 (worst) to MS70, which are perfect and nearly flawless. Therefore, Mint State 1921 silver dollar coins can be rated as:
- Mint State (MS) 61: These coins have significant mint damage, especially around the key features like Lady Liberty. They are quite unappealing and could have marks and dents.
- Mint State (MS) 63 and 64: These are more appealing but still have marks or damage around the obvious key features.
- Mint State (MS) 65: These coins have minor friction marks but are not at their main features. They are more elegant and strike with precision and shine with full, appealing brilliance.
1921 Silver Dollar Errors
It is quite rare to find 1921 silver dollars with errors. This rarity makes coins with errors available at higher prices. Some of the errors that will earn you a fortune include:
- 1921 Morgan Silver Dollar off Center Strike: Coins with this error can go for at least $875.
- 1921 “S” Morgan Silver Dollar Thorn Head Error: Such a coin has a market value of more than 350 USD.
- 1921 “D” Morgan Silver Dollar with Missing “S” on TRUST: Depending on the coin’s grade, its value should be more than 150 USD.
- The 1921 Peace Silver Dollar Line Through L Error: Coins with this error are very rare and of high quality. Their value should be more than $450.
Conclusion
The 1921 silver dollars are unique coins in coinage history. Not only did they come in two versions, Morgan and peace dollars, but they are also high in demand and very rare. Due to their high demand and rarity, the Peace silver dollars have a higher value. However, this does not mean that the Morgan dollar series are not valuable.
They are also popular among collectors and can be significantly higher in value if the coin is rare or in particularly good condition. This means you can make good money if you own any of the two 1921 silver dollar coins.
